Monthly Archives: August 2009

What Can We Learn From The Housing Bust?

I’m reading this new book by economist Thomas Sowell — The Housing Boom and Bust. Dr. Sowell notes that it was government intervention and regulation that pushed lenders to reduce their standards before extending mortgage loans. These riskier loans aka … Continue reading

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Racial Discrimination In Mortgage Lending

I’m reading this new book by economist Thomas Sowell — The Housing Boom and Bust. For more than a decade, US newspapers have editorialized that banks are more conservative than they should be about lending money to blacks. The current … Continue reading

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Stupid Solutions To The Housing Crisis

I’m reading this new book by economist Thomas Sowell — The Housing Boom and Bust. Several senators such as Barbara Boxer want to allow judges to modify loans on principal residences. Why would lenders lend money to people in the … Continue reading

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Why The Housing Boom Went Bust

I’m reading this new book by economist Thomas Sowell — The Housing Boom and Bust. He writes that “the idea that lenders would be offended by receiving monthly mortgage payment checks in the mail from blacks should at least give … Continue reading

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‘Busted: Life Inside The Great Mortgage Meltdown’ By Edmund L. Andrews

Check out the book on Amazon.com. Edmund L. Andrews writes that nobody duped him. He duped himself. He had covered all sorts of financial meltdowns as an economics reporter for the New York Times, but when he bought a home … Continue reading

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The Politics Of The Housing Boom & Bust

I’m reading this new book by economist Thomas Sowell — The Housing Boom and Bust. The median-priced home in the United States is 3.6 times the median income of Americans. In Great Britain, the median-priced home is 5.5 times the … Continue reading

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